2012-09-01
2012-09-30
STATION
CNBC 21
KCSM (PBS) 19
KCSMMHZ 18
CSPAN2 5
WJLA 4
KGO (ABC) 3
CNN 2
CNNW 2
KNTV (NBC) 2
MSNBC 2
MSNBCW 2
WBAL (NBC) 2
WRC 2
KRON (MyNetworkTV) 1
WETA 1
WGN (CW) 1
( more )
LANGUAGE
English 71

Set Clip Length:


as defending champions are challenged by rising stars, frankfurt. day two of the united nations general assembly in new york sought out going iranian president mahmoud ahmadinejad take the podium for the eighth and final time -- saw outgoing iranian president mahmoud ahmadinejad. >> he defended his country's right to civilian nuclear research. his speech came a day after president obama told the general assembly that washington would do whatever is necessary to prevent iran from getting nuclear arms. >> ahmadinejad used his final appearance on the united nations stage to criticize israel once again. >> continued threats by the uncivilized zionists to resort to military action are a bitter reality in my great country. >> western nations, which accused iran of developing nuclear weapons, usually walk out during his speeches, but the seats filled up with this man took the stage -- the egyptian president addressed the assembly on the need for international negotiations rather than military intervention in syria. >> we need a solution that preserves the unity of this brotherly state, involve

the livelihood of the market. >> traders in frankfurt welcomed the potential ban on high- frequency trading. our markets correspondent has more from frankfurt. >> there will be a speed limit on the trading highway. the german government decided to regulate the high-frequency trading, which is a very fast computer trading program, and traders on the frankfurt floor appreciate it. they say that high-frequency trading is to blame if it comes to crashes sometimes, but the markets went down mainly because of new concerns about the euro debt crisis. the demonstrations in spain and the strike in greece led to the fact that the dax fell sharply. >> we stay in frankfurt for a closer look at wednesday's numbers. the dax was down by 2% at the closing bell. euro stoxx 50 down by 2.7%. across the atlantic, the dow down by 1/3 of 1%. the bureau also weaker against the greenback, trading at a value of $1.2857 -- euro also weaker against the greenback. >> the former leader of the amc's youth arm has been charged with money laundering, allegations which he denies. >> he was released on bail after a hearing. poli

one of the demands, stop using cheaper contract workers on their flights. >> we are at frankfurt airport following the story. >> we got this updated while ago. >> the chaos that many in frankfurt feared it did not happen. they have been formed thousands of their passengers by text message or email about a canceled flight sang the situation was not as bad as it had been during other airline strikes. both sides had agreed to a mediation process and lufthansa agreed to refrain from using contract workers. it was one of the big demands by the union. the mediation process is good news for passengers. burduring that time, there wille no strikes. >> it is the least of worries plaguing the new airport in berlin. it has suffered a series of embarrassing setbacks and now the opening has been delayed again until october 27, 2013. >> the technical director made the announcement after meeting with the airport board of directors. in total, the delays have doubled the airports price tag now sitting at $4.30 billion -- 4.3 billion euro. banking shares are enjoying the biggest boost. >> thursday,

's bond- buying plans. >> and haunting masterpieces -- a museum in frankfurt exhibits paintings that happen to the dark side of romanticism -- tap into the dark side of romanticism. under way in new york. right now, much of the international community is focused on the conflict in syria. u.s. president barack obama in his address called for world leaders to end the regime of bashar al assad. >> the emir of qater, which is reportedly spending symbols -- emir of qatar, reportedly funding rebels, went so far as to say the regime should be taken down. russia and china indicated they have no intention of abandoning assad. >> the conflict in syria overshadowed every other topic at the opening of the general assembly in new york. the u.n. security council remains divided over sanctions against damascus, which have been blocked by syrian allies. u.n. secretary-general ban ki- moon renewed his call for sanctions against syria. >> this is a serious and growing international -- that to international security. >> he said the council could no longer turn a blind eye to syria where he said th

delays from a rolling series of stoppages about pay and cost-cutting. frankfurt international says it has asked that no flights depart from the airport. >> intercontinental flights were not affected. union officials have promised more strikes in the coming days if the wage agreement is not reached soon. >> frankfurt airport ground to a standstill as the lufthansa cabin crew strike took effect. lufthansa had to cancel a around 200 out of 360 flights. >> i fly a lot. it is my wedding anniversary, and here i am waiting. it is annoying. >> you think the ground crew nom -- the ground crew, not the cabin crew, were striking. no one is here. >> it affects me, but they are entitled to strike. wage cutting in germany cannot continue like this. >> the dispute is not just about higher wages. the cabin crew also opposes the use of temporary staff on lufthansa flights. the company wants to employ temp workers on flights to and from berlin. the union accuses them of trying to erode pay and conditions. >> lufthansa wants to cut pay by 20% to 30% alongside this 3% wage increase over 36 months. we refuse

at munich airport. crews walked off the jobs in frankfurt, berlin, and munich over the wage dispute. sources on both sides estimated as many as 600 flights might knockout friday if there is no last-minute solution. after swinging between gains and losses during the wednesday trading session, european shares ultimately finished little changed as investors await thursday's much anticipated policy meeting at the european central bank. our correspondent said as the summary of the session from frankfurt. >> new german bonds or government bonds were auctioned off this wednesday, and at this auction, demand from investors was smaller than at recent sales of german government bonds, but traders did not want to read this as too negative a sign. they said it shows that fewer investors are seeking a safe haven investments. of course, this thursday's meeting of the council of the european central bank again was the major discussion topic on the trading floor. the speculation of what mario draghi, the ecb president, might have to say pushed a little bit in the background corporate news and economic data.

. our markets correspondent sent this report from the frankfurt stock exchange. >> the greater thandax was slightly in the red at the beginning of the week, but traders to more potential for the stock market due to the money injection by the central bank. inflation risks are leading to higher demand for material assets. shares of the financial sector are over the fear of the widening of the euro crisis is coming down after measures taken by the ecb and the fed. there is also speculation the second largest chinese bank has an interest in european banks. >> let's get a closer look at some of the market numbers on this first day of the trading week. the dax closed just a tad down. the dow jones is currently going down about 0.3%. the euro is trading for $1.31. >> austerity measures in europe continue to have an effect in spain. railway staff are on a 24-hour strike and protest that the government austerity measures and the planned privatisation of the railway. the unions say that would jeopardize the safety and quality of the service and a loss of up to 100,000 jobs. >> some trains have b

barrel. let's bring in our markets correspondent who is standing by at the frankfurt stock exchange. put this into perspective. is this plunge affected markets today? >> note: although it is good news, it's not affecting the new year. -- no, although it is good news, it is not affecting the market here. the european central bank announcement to buy bonds and the fed's decision to help the u.s. economy until it shows a real improvement field risk appetite. this leads to profit-taking. even better than expected economic news could not improve the mood here. sentiment improved for the first time in four months, but the market is not driven by that. the german dax is down 0.6%. the dow jones, barely unchanged, but the bureau is under pressure. >> thank you. >> one of europe's most important route -- most important museums, the louvre and paris, has an entire wing dedicated to islamic art. >> the french president used the occasion to denounce muslims who destroyed ancient shrines. he says islam is more tolerant than the extremists to climb to speak for it. >> the museum on thousands of cultur

sent us this summary from frankfurt. >> the german labor market stays in very good shape. this is a good sign, one of the few positive signs in this euro debt crisis. today, investors focused more on italy and rome -- focused more on italy, where rome gave out new bonds. yields went down significantly, and this shows that investors seem to trust italy again. later on this day, investors focused on new economic data from the u.s. incoming orders for durable goods went down significantly, and this also led to the fact that the dax was able only to end up with a few gains. >> we stay in frankfurt for a closer look at thursday's numbers. there in frankfurt, the dax -- modest gains, finishing at 7290. euro stoxx 50 up by 1/3 of 1% across the atlantic, things looking much better. the euro finally gaining a bit of ground against the greenback, trading at a value of $1.2915. >> industrial action continues to spread across south africa's mining sector, and concern is growing about the impact of the economy there. traders are also eyeing possible impact on the price of gold. >> amo

on a down note. our correspondent sent us this summary from frankfurt. >> spain remains in the focus of international investors, also here on the frankfurt floor where shares fell sharply today. in the morning, investors cheered the austerity measures that the spanish government has decided, but the stress test for spanish banks dragged down the mood here for shares. further on, there has been a lot of speculation going on that the big rating agencies could downgrade spain again. this would lead to higher yields and would be very difficult for spain in this situation. >> we stay in frankfurt for a quick run through the numbers. the dax plunged, as we saw there, in the afternoon session, down by a full percent at the closing bell. euro stoxx 50 down by 2%. across the atlantic in new york at this hour, the dow down slightly, not too much there. and the euro trading lower against the dollar. it is at a value of $1.2850. >> after weeks of speculation, japanese electronics giant sony has confirmed [inaudible] olympus for 500 million years. sony will take an 11% stake in the struggling cam

with their biggest one-day gains in a month. our correspondent send us this information from frankfurt. >> there's no doubt the discussion about monetary policy continues to be the main driver in the markets. but that is why non-official statements draghi made in brussels are playing an even more important role. draghi reportedly said an intervention of the ecb is needed because the antar-bank system is malfunctioning meaning the financial system within the eurozone. that the reason to investors to continue to bed on held by the reserve bank and to continue to bet on rising stock prices. >> conrad in frankfurt. for a closer look on monday numbers, finishing up by more than .6%. stoxx finishing at 2463. no trading on wall street. it is a long holiday weekend and a labor day monday. the euro looking stronger. >> tensions are on the rise between azerbaijani and armenian. european union are concerned that there. colin to exercise constraint. relations have been a fraud since an officer returned home after he was present in hungary for be heading an armenian soldier. after he was extradited, the pres

that it is launching a third round of quantitative easing. our correspondent has more from frankfurt. >> then bernanke made for an exciting finish to this stock market week. he is basically turning on the printing machine for money. he is promising to buy $40 billion worth of mortgage-backed securities in the united states until such time as the economy there improves. that drove up stocks worldwide. the dax made a large gain for friday and the week. this week, also the decision by the constitutional court in germany to give a green light for the esm pleased investors. there were also still pleased by mario draghi's performance, the president of the ecb, to buy the bonds of government -- of your countries. and it was a big day on the dax. we say in frankfurt for those figures. over in new york, trade is still under way for the dow jones industrial average, and it is high of 5.25%. 13,573. the euro trading above the $1.30 mark -- that has not happened in a while -- at $1.3016 pierre the past two weeks have been make or break time for the eurozone. >> that is right. the european central bank announced i

after a big rally at the end of last week. our correspondent has more from frankfurt. >> people on the floor were nervous and optimistic at the same time. share prices went this way and that way. in the end, there was not much movement in the dax. at the same time, there was optimism -- optimism on the promise of a european central bank to buy lots of government bonds of countries. above all, the optimism, the hope that the csn would be given the go-ahead -- the esm would be given the go-ahead by the constitutional court on wednesday by germany. what would happen if there was a no from the constitutional court judges -- people would rather not think about that. probably it would come to a severe downward correction, a severe slide that nobody really knows about ahead of time. >> let's get a closer look at the numbers. in frankfurt, the dax is not doing a lot on the day. unchanged. similar story for the euro stoxx 50, seven at 2528. in new york, the dow jones industrial is down just fractionally, 13,290. euro-dollar is trading $1.2759. >> we cannot go away from business. french p

to seven to 12 days in jail. >> in germany, an elderly couple went on trial on friday in frankfurt, charged with carrying out a series of politically motivated bombings, conspiring to kidnap opec's oil ministers more than 30 years ago. >> prosecutors say both were members of the revolutionary group back in the 1970's. their case has stirred memories of a decade when left-wing terrorists kidnapped and killed dozens of political and business leaders. >> the hearing in a frankfurt court studded with witnessed her money from members of a leftist group. the trial promises to be a trip back in time. the defendants -- a 79-year-old woman and a 71-year-old man, who are allegedly members of the revolutionary group. the group said the purchase divided in the 1975 kidnapping of opec oil ministers in vienna. three people died in that incident. the woman is not accused of being there, but she has been charged with supplying guns and explosives. prosecutors had demanded a 15- year prison sentence for her and one year for the man. testimony largely relies on one witness, a former terrorist who is already

was terribly cash-strapped. >> as was churchill, by the way. >> absolutely. as for felix frankfurter, the great supreme court justice, and walter lippmann, the most influential political commentator of the 20th century, they all began in bachelor's boarding houses, or in apartments or, in the roosevelts' case, in a gift house given them, loaned to them by a cousin. >> boarding houses have died out. that is a pity because boarding houses, you created instant friends, salt the need for singles bars and an introductory -- solved the need for singles bars and an introductory system. >> there was a house h street where the metropolitan club is that was a boarding house for young state department diplomats. >> this is in downtown washington, not far from the white house. what period does this begin? >> the book begins in 1916, and franklin roosevelt -- frank roosevelt, as he was known in those days, was an assistant secretary of the navy. walter lippmann and felix frankfurter and herbert hoover, who was probably at that point the best known and best loved progressive of his day -- everybody all gathe

and slower growth in asia. shares of fedex down about 2.3% in frankfurt trade. it's also weighing on rival u.p.s. whose shares are down more than 1% this morning. also warned similarly back in july about growth pressures. >>> let's get back out for thoughts on this to larry hathaway. fedex, in particular, seemed to catch people by surprise, statement coming out in the u.s. last night. is this to you consistent with telling us what we already know happened over the last couple months or does it add renewed concern to the global picture? >> it's consistent with yesterday's weaker than expected ism manufacturing reports, the summer soft patch that seemed to reveil in the u.s. and also is part and parcel of what we see in asia. after all, if you think about fedex and the kind of business it's in in transporting goods and services, boat around the country and around the world, one of the things that sort of is a link here is the very, very weak export performance of asian economies. so global trade has suffered as a result of the slowdowns we see in the u.s. and europe. >> it's interesting becaus

reported that miss, many analysts, again, lost faith in ceo lou frankfurt and his excellent management team, despite the time frankfurt admit head screwed up in a promotion, like mcdonald's. where thompson has assured you are adjustments on the way. frankfurt said he would right the course. sure enough, stock is right back to where it was before the miss. and it barely blinked when a competitor, burberry reported a terrible number and said the luxury goods sector had turned nasty. how about federal express. this is one of those companies that everyone respects, right? remember, part of being best of breed. we all acknowledge products and services are the elite of its sector. the neck has been -- it's been best of breed ever since it created the category. last week, though, federal express slashed its earnings guidance in a brutal a preannouncement and the stock dropped to $85. it would have gone lower, but it is best of breed. i told you i thought this decline would be reversed quickly, because fed ex is the quintessential way to play anything good about global commerce. and it's a given th

consensus can be reached on how to solve the eurozone crisis. we got a summary from frankfurt. >> every minute, the suspense is rising on the markets ahead of the meeting of the ecb council this thursday. but with every minute, the potential for disappointment is rising. when question is what if the european central bank will not manage to come up with a consistent plan which it not only will talk about but buying but sustainable solutions for the eurozone. one thing cannot be denied -- crisis has arrived in the german economy. if officials from the german electronic sector and technology sector lower their forecast for 2012. >> we can stay for a closer look on tuesday's number -- finishing at 6932. across the atlantic, in the u.s., the dow jones trading pretty flat at this hour. the euro trading a bit lower. >> some travel chaos today as lufthansa employees expanded their strike action leaving thousands of passengers stranded due to delays and cancellations. the cabin crew is calling for better pay and working conditions. >> 3 @ germany's biggest airports were affected. was the second

, with that the market reaction from frankfurt. the judges set a limit of 190 billion euros of liability, but investors must be relieved it's not necessarily a permanent ceiling. >> outright. if a -- that's right. if a larger sum can be raised with political consent to the problem, that's not going to be easy. one needs a majority and who knows how it's going to turn out, but the mechanism would be there. >> part some investors as skeptical as the public and some of its critics? >> for sure. that's why jubilation did not happen when the decision was announced. many people believe it is the wrong way to do it, to fight fire with fire and fight debt with more debt. >> is this a watershed decision? do the markets think politicians can master the crisis? >> i think that's an important way to that conclusion. it's not that the crisis is over, but if the politicians had followed through with it, it would have been a major confidence crisis. when you look at the crisis here, everyone is relieved it happen the way it did. european stocks going up i 0.5%. on the new york stock exchange, the dow jones gained abo

they're striking today for eight hours in frankfurt and berlin in a dispute over pay and conditions. >>> hyundai has reached an agreement with its union workers to end the costliest strike in the company's history. >>> and, finally, you know it's bad when this happens. inflation is hitting the tooth fairy. but it's good news for the kids. a new survey shows kids found an average of $3 per tooth under their pillow this year. that's up 15% from last year. >>> well, coming up, extra innings walk-offs, tiger makes bank, and players head to the u.s. open tennis quarterfinals. >>> plus, a college football matchup goes down to the wire and beyond. your early morning sports headlines are straight ahead. >>> and the weather map doesn't look much like september. very hot in th middle of the country with tropical humidity in the east. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." and in sports in college football last night, 16th ranked virginia tech relied on their kicker to come from behind and then sealed the de

faces. so i think it is not easy to get from frankfurt to jackson hole. usually it is quiet, not so in europe this year, and secondly, he is trying to work out a compromise within his organization that will allow him to do more to help the european economy without having the germans walk out of the room. >> let's talk about the subject of your -- your latest book, the massive federal deficit and gridlock in washington. do you see a short-term solution. will we fall off the fiscal cliff with the tax cuts set to expire in january? >> you know things are so bad in washington that people can't even agree if you're going to go over the fiscal cliff or run into it. so i don't see anything happening in the short term. if short term means before the election. if mitt romney wins, they just delay the whole thing in the next six to nine months, with the argument that the president should have a chance to put the budget together. the interesting thing is if obama wins, the white house indicates they're going to have negotiations with the republicans, and they're trying to make the fiscal cliff

and the german dax hit a new high. >> here is more from our markets and in frankfurt. >> a rather rocky start to the day, but the dax reached a new high. people seemed full of confidence that the constitutional court in germany will say yes to the bailout fund. people just cannot imagine a different result year. contributing to the share price gains, it is expected the fed will announce new stimulus for the economy this week. people ignore the warning of the rating agencies that it might lower its credit rating if the u.s. doesn't match to reduce its national debt. >> will have more on that warning it later in the show. let's get a closer look at the market numbers. the blue chips were higher on the day. over in new york, the dow jones industrial average is continuing the trend, up by 0.5%. the euro dollar is trading for $1.58. the spanish prime minister says he will not accept any more money from the european union if it means being told what spending cuts he has to make. >> in a television interview, he said he is not prepared to cut pensions. the european central bank said last week that t

." the chief was speaking at an event in frankfurt marking the 180th anniversary. he wrote the book. nevertheless, it is an interesting time for him to make those comments. silvia is in frankfurt with more. we heard from angela merkel saying the president has the right to speak about what he believes. i'm wondering where she will still feel some consternation at these remarks, even though they've come from a slightly sort of side adjunct. >> reporter: let's be quite clear about this. the politicians at the moment are very happy if i stay with faust, for the ecb to do their dirty work. clearly, reforms, etc., don't get on track fast enough, so they need the ecb to keep buying them time. they've done that with all the money they pumped into the market over the past few years. they've done that with the first bond bank program and they do that with the second bond bank program, which at the moment has been announced but not executed, of course. they kind of close their eyes, in my opinion, and i think he is on my side with that one. the ecb is going one step further by actually acting

this report from the fink -- from the frankfurt stock exchange. >> japan was often the main driver of the german stock market and the massive bond buying program approved the move. the cheap money should help bring the economy back on track and this is good news for traders. the german dax closed with gains. the fact that the main central banks are providing money as cheap as ever is feeling the fear of inflation. the price of gold is seen as a protection against inflation. the price rose to its highest levels in six months and analysts expect new record highs. >> it's a defeat for investors in porsche who say the car maker lied to them. a german court has recommended porsche paid up over its lying about its merger with volkswagen. they claim porsche is engaged in that market manipulation by stating it had no plans to merge with volkswagen before announcing a takeover bid. >> its one of the most important unanswered questions tied to the eurozone crisis -- will spain asked for a bailout? >> public debt in spain has been soaring. the nation's 17's autonomous regions have around 140

the frankfurt stock exchange. >> lufthansa shares were up. in the situation, they have no other choice but to fund a low- cost carrier, traders said. daimler is suffering for the first time from the crisis. the general outlook was pretty gloomy. the fear of economic decline was rising after some very disappointing economic data. >> let's take a closer look at some of the latest market numbers. the dax closed just a tad down at 7389. euro stoxx 50 ended the day 0.5% down. the dow jones is going up just a tick. the euro trading at $1.2967. new figures say the slump in the eurozone is worsening, and business activity has hit its worst patch in three years. the closely watched purchasing managers' index shows germany and the rest of europe are drifting apart economically. france was the biggest disappointment of thursday's report. between august and september, french economic the performance came in below all the worst predictions. germany, on the other hand, shows signs of improvement with orders expected to increase. well, the european union is already raising eyebrows at the prospect of

, prompting investors to sell. our correspondent sent us this summary from frankfurt. >> the week of -- the weaker- than-expected reading of the ifo index dragged down the week. shares dropped. not many thought that the index would drop -- would bottom out. now they think the german economy will face some difficulties in the near future. there have been many rumors and speculation that the euro area members could leverage the rescue fund, esm, to 2 trillion euros. germany's finance inister said this would not be very realistic. on the other hand, the euro has been weakened by these rumors. >> the dax fell by one half of 1% to finish at 7413. euro stoxx 50 was down by 3/4 of 1%. the dow is trading slightly higher, 13,586 points. the euro is trading at about you of 1.2930. -- at a value of 1.2930. >> another big discussion is the pros and cons of genetically- modified food. proponents say it can help eliminate allergies or grow food stricken by drought. >> others argue that gm crops and foods can have a very harmful effects on the human body, including causing cancer. >> this rat is

has died. he was a veteran foreign correspondent for this network. he was posted in london, frankfurt, warsaw and washington and covered everything in between. he was part of a class of canadian tv journalists that included jennings and safer. he once said of his native manitoba, 11 months of bad weather, one month of good skating. henry champ was 75 years old. >>> when we come back here tonight, living on a much smaller scale, bordering on claustrophobic. ♪ little boxes on the hillside >>> next at 6:00, will the death penalty proposition really save money? >>> new details about an attempted kidnapping at a local school and a significant shift for those self-driving cars. >>> finally tonight, san francisco is among the country's priciest cities, the housing prices there the highest in the country so now they're trying to think of doing something new, apartments that are not much bigger than a mini storage unit. as you're watching this, if you have a backyard, please remember to count your blessings. our report from nbc's kristen dahlgren. >> reporter: when wayne and tara got married

. it is midday here in london, 7:00 in the morning in washington, and 1:00 in the afternoon in frankfurt, germany, where all eyes are on the meeting of the european central bank. the market will want to know if mario draghi is as good as his word. the oecd just described the crisis as the greatest risk to the global economy. spain has convinced germany for rapid action. i am joined now by our correspondent in berlin and madrid. steve, if i could come to you first. what are they discussing at the ecb? >> basically, whether to buy up spanish debt. if the price of borrowing gets too high. mr. mario draghi indicated he would do whatever it takes, how much he would be prepared to spend of the ecb's money, and germany is uneasy. willet it be a vague promise to buy debt or something more than that? >> how important is this meeting for spain? further down the line, italy possibly. >> the spanish government argues that the crux of their problem at the moment are high borrowing costs. they cannot go to the market and get money at a sensible rate of interest. there are two scores of thought white spain's bo

about three different shootings in the last 20 minutes. one of them happen on frankfurt avenue. two people were shot in the 2200 block of south even street. they have responded to seven shootings at five locations in the past 24 hours. that is how busy they have been just this labor day. seven people shot in five different incidents across the city. all the situations remain under investigation. we will pass along updates as we get them. sheldon dutes, wbal-tv 11 news. >> stake and harford county police need your help in identifying a driver who struck a female pedestrian of around 7:40 this evening. authorities said they found a woman struck by a car on southbound route 1 just north of here agree bypass. they said the woman was apparently waving her arms. the person the second vehicle swerved and tried to avoid her but struck her with the passenger side mirror. the victim was 28 years old and was taken to shock trauma where she is said to be in stable condition. anyone with information on that hit and run is asked to contact the maryland state police in bel air. baltimore county po

flights are ready for tomorrow. three daily flights included to frankfurt and munich. e also canceled earlier this week between dulles airport and berlin's airport. getting on the wrong flight and in the wrong city is f every air travel permits a local woman this and talk about her blames onrip that she because an attendant was on the right plane. of landing in d.c., we you where she ended up and what happened and how 7 out, atside 5:00. amazon,l hear from expected to release the latest kindle fire version today. amazon has been trying to chip on the apple's hold market by selling the fire cheaper than the ipad. the online retailer also electronic book e sales.ming devic news conference is this afternoon. a texas student proves life about pushing limits. doing it by firing a gun. look closely. normally in shooting a gun would until yout inspiring does.at marcus he takes off his socks and shoes and goes target shooting with his feet. birth defect that s him from doing much with his arms. >> it is a higher calling to do important, to tell peoplepped people and handicapped that we have p

the show to lake como next year. >> you have to earn that. >> exactly. coming up, we'll head to frankfurt where we take a look at the future of deutsche bank as banks around the world continue to seek to deleverage. and then it's on to the world economic forum, sometimes calmed the summer. and the prime minister spoke about the possibility of a fully fledged bailout. we'll also head to washington where the u.s. go. no longer a majority stake holder in aig. a sign the country may be emerging from the shadow of 2008. burberry shares trading lower. down 18.5% after the company warped full year profits will be at the lower end of market forecasts. in a statement the luxury goods maker blamed slowing store sales on the challenging external environment. burberry is expected to pose pretax profits. remarkable. we have seen competent it tors similarly cautioning about slowing trends lately, but as you can see, across the sector, down will in the range of 3%, 4% after burberry warns and are more cutting the outlook for the company. >> and it does seem like a big move to the down side for what's no

this morning. b of a shares are down about 1.4% in frankfurt trade. that's about twice the losses seen across the broader index. and it's a busy day in the u.s. ipo market. five companies making their debut. topping the list, trulia.com. the real estate site will trade under the sticker trla. the other comes coming to market, capital bank, national bank, spirit realty. a sixth company has purportedly postponed its ipo due to low demand. and in japan, the biggest ever trade testify sit in europe. exports fell for the third straight month. the company shipped 23% less to europe than it did a year earlier with exports down 6% overall. analysts were expecting a steeper drop, however, given the global lowdown and exports to the u.s. did show a pick up. chinese premiere wen has just been speaking in brussels and the eu summit. he says he deeply regrets the u.s. failed to lift an embargo to china. julia chatterley is following all of this fors. some sharp rhetoric from wen. >> i don't think there was any surprise. this is something that's been going on for a while and i don't think from the european

. we're learning that lufthansa canceled a 190 flights in out of frankfurt, germany's airport, after cabin another strike. \ is underway at berlin's's airport and an 11- walkout scheduled to begin 's airport. in disputes over pay and working conditions. flights in our area being reflected. 3:00 p.m. lufthansa flights airport and at 11:00 p.m. flight from dulles airport. those have been cancelled. we will keep you posted. one?d he get this >> it's another home run. congratulations to adam whoche in the nationals, defeated the cubs. more than just another win. this is the nationals' 82nd pleaded theye year guaranteed of their first season in the nation's capital since 1969. congratulations to the nationals. >> they have the best record in baseball, they cannot have the best fan support. than 24,000 yesterday. >> the nfl's 93rd season is set begin. the giants and cowboys wednesday night. in orleans on sunday. they are the underdogs, the redskins. it's a young team. is r.g. iii, but still lot new guys, which leaves a lot of questions. rookie alfred morris is happy to chance to play on su

03 daily flights from dulles to frankfurt and munich. >> a new warning to parents tonight to keep could be get laundry packets of the reach of children. the colorful packets look like candy to a child. the u.s. poison hot line has received 2900 calls justice your children under 5 eating the packets. the results to be serious chemical burns to the child's mouth and throat. >> you saw her a couple of nights ago -- women who want to dress like michelle obama will get their chance. the dress was designed by tracy yeats. she says the address is now being rushed through production. the dress will cost under $500. the first lady's shoes are being sold by the j. crew online. >> everyone was talking about her great manicure. i know you wouldn't notice that. >> i did notice that. >> a liar. [laughter] here is a look at how the abc prime-time is shaping up. we begin with a brand new episode of "wipeout." at 10:00 president obama will accept the presidential nomination during night. the democratic national convention. we will wrap up at 11:00. hope to see you then. >> let's se

background but they have all experienced the horror of homicide 40 children come to camp in frankfurt to escape dark memories and hopefully he'll. we just want to be able to give these kids a safe place to share their story if they want to interconnect with other kids so they know they're not alone andria sister wanda was killed by a hit and run driver she took in her sister's six children the camp taught them to cope. >> it helps me to see that it's ok to talk about death. >> i am starting to get over it more i am getting older and i am mature. but i toil washington was shot and killed outside her home two years ago her son said the camp provides a safe environment for healing. right now the doyles run one camp year but if they can raise more money they can run more camps provide more scholarships to kids the homicide rate justin the city of chicago alone was up 60% this time last year so unfortunately every day we hear of people falling to homicide and there's just not a lot of resources available for families today. from this camp is to let kids know they're not alone they learn

. the canceled flights include three flights from dulles to frankfurt and munich. cabin crews of the german airline walked off the job at midnight? . both sides have agreed to call in a mediator to help them settle their dispute. one couple in custody after allegedly triggering a security scare on the u.s. airways flight. christopher was flying from philadelphia to texas when the flight turned back and found out he was the reason why. his ex-girlfriend and her new boyfriend called 911 saying that he was on the flight carrying liquid explosives. >> prosecutors have a huge amount of discretion running for no charges all the way to federal felonies each carrying a five-year sentence. >> christopher shall was escorted off the plane at gunpoint. authorities determined he was the victim of a prank. when he later tried at dallas airport he was arrested on outstanding warrants including drug possession and more charges. >> neil armstrong's family did not release any details about the burial at sea, but they say this is how he wanted to be buried. there will be a public memorial service for the lege

a short break. still to come, we're back in frankfurt. and it looks far from resolved. ♪ ♪ i can do anything ♪ i can do anything today ♪ i can go anywhere ♪ i can go anywhere today ♪ la la la la la la la [ male announcer ] dow solutions help millions of people by helping to make gluten free bread that doesn't taste gluten free. together, the elements of science and the human element can solve anything. solutionism. the new optimism. >>> okay. no help from the u.s. today in the absence of the states with the labor day. european stocks are trying to edge higher and we're up about .75% on the cac 40, .5% for the xetra dax. .6% on the ftse 1100 sxp ibex is down about .1%. in germany, lufthansa is preparing for another cabin crew strike tomorrow. that follows friday's demonstration. patricia is in frankfurt. wa sort of financial impact is this trouble going to have? >> it's going to cost millions, i guess. however, no real number is given from lufthansa as to what friday did cost or what tomorrow may cost. they don't know when, where or for how long this strike will happen. the c

, the most controversial supreme court nominees, douglas, frankfurter, brandeis, confirmed overwhelmingly, and so recently now, imagine sonja soto mayor or elena kagan, it was party versus party. people have strong feelings then just like they do now. they found a way to come together to govern as a snags. there has been a time when you did on all kinds of budget issues, you would come together and say we'll get something done as a currenountry. >> when we talk about more are bipartisanship is that because of blue dog democrats, a group of southern segregationists that kept voting with republicans, is that why it looked like bipartisanship? >> that's right. i think racial issues create internal division which allowed southern democrats to vote with republicans which made it look like more bipartisanship. and, in fact, there was, we saw those cross-party coalitions. >> but the cross party coalitions didn't mean there was this ideological give and take, and moving people forward. >> the example i just gave, it was republicans, bran dice and frankfurter and douglas or medicare social securit

frankfurt. so should we believe these jobs would be cut? >> of course within the possibility of creating a lot of -- will the interesting part of that story is that of course until current guarantees up 2020. so we do have an issue there, but i guess the merged entity will have to face quite a few hurdles when it comes to the eu walls. what the eu treaty actually says, one can take action in order to protect especially government interests, however, we have to weigh out whether it is still the okay with the competition rules overall. and of course creating a giant, 220,000 employees, is a bit of a tough one to call. and it is again in the detail. how we're defining that new merged entity. because it is about 50% nonmilitary and 50% military. now, if the part of the nonmilitary is the one driving the merger, perhaps it would be a little less of a competition issue. >> thanks very much, patricia. apple shares are v. hit another milestone after reporting better than expected demand for its new iphone 5. the stock soared past the $700 share level for the first time after the company said it

.3% in frankfurt. p. >> and of course yesterday we had verifone ceo on the program talking about getting in to the mobile payment space. oracle certainly looking to diversify. still to come on the program, the meeting of the debt club is going on. we'll bring you the latest from rome. >>> italian finance minister says the country has no intention of asking for help from the ecb or the eu bailout fund, this as the government sha/s it frooft grow its forecast growth. silvia is there. anything going to come out of the discussions today? is it a collection of the weak? >> i think it's more a case of comparing notes. inside the bailout program cups, the outside the bailout program countries. and maybe they can compare notes and align strategies as to move forward with the reform process and as far as italy and spain is concerned, avoid a bailout program. italian minister says he won't ask for help. we've had similar sounds out of madrid from rajoy. so it remains to be seen whether they can avoid a bailout. the verbal intervention, announcement of the o.a.t. program helped narrowing the spread

of the judge became notorious. and a few months before the execution, felix frankfurter who at that time was a harvard law school professor, published a scathing attack on the prosecution's tactics and on the judge's behavior and frankfurter's analysis was very and credulous in getting the word out. >> who were sacco and vanzetti lacks. >> well they were italian immigrants. they were just ordinary guys, workmen. sacco was a skilled worker and a shoe that are it. vanzetti had done not jobs after immigrating to the united states shortly before the arrest he had started working as a fish vendor. they were ordinary immigrants but in the united states they became radicalized and they were anarchists. they really were anarchists. followers of an anarchist leader who advocated violence if necessary to achieve his goals. but it was there ordinariness and i think the fact that they were just you know, to ordinary guys, the nightmare that is part of the reason we are still talking about this today. we think there by the grace of god. >> finally susan tejada one of the things that struck the about

hours and greater than 3%, 3.25% in frank frankfurt trade. and facebook thinks it's better to give than to receive. it's launching a feature to let users send real gifts to their friends. facebook gifts will be rolled out gradually in the u.s. a gift icon will show up on your friend's time line and they can unwrap it virtually and then on their doorstep a few days later. one of their first major pushes in to e xlers. the company will get a cut from each item sold and investors appear to applaud that sending shares up 1% after hours although down about 1.5 -- no down 1.5% yesterday and then adding 1% in after hours trading. are you not on facebook? >> not on facebook, you don't have an iphone. this is why we get along. >> we can never communicate any shape or form after we're off air. it's a perfect relationship. we'll take a break. still to come, holland, will he bow to pressure for greater austerity. >>> government of hollande is presenting its first budget since coming to power. stefane is in paris at the budget ministry where this is all going on and joins us for more. what do you th

. they backed off the job in morning at three airports in frankfurt, berlin and munich. lufthansa expected to cancel majority of splits -- majority of its flights. please call ahead if you are taking an international flight today. you can also check our flight tracker. >>> rising gas prices making an impact on what kind of vehicles people buy. hurting sales of suv's but not necessarily empty bay area, sales are good they are almost sold out of larger suv models, analysis across the country pains a different picture. >> suv sales are down across the board if you compare sales today to the first seven months of the year vs. 2007, sales are down 70%. >> in 2007 more than 700,000 suv's were bought and sold same time this year the number plummeted to under 200,000. kelly blue book says rising gas prices the main reason behind the drop. >>> the bbb has issued a warning to help you avoid becoming a victim of criminals. among the tricks, fake fundraisers, asking to you donate money that never gets to the campaign. phony voter surveys which offer prizes in exchange for your credit card number. chec

from frankfurt to san francisco has been delayed five hours. >> you can use our flight tracker on abc7news.com. >>> let's talk tooth fairy. for kids their allowance may not have gone up much but they are getting more from the tooth fairy. >> jane king joins us live, we are not talking about the movie starring the rock, we are talking about the real thing. >> very important economic indicator, what is the tooth fairy doing this year, that in a second. nokia starting a free music service. users will have access to millions of songs and can listen to play lists created by artists. the service has no ads and does not require a subscription. set to introduce first devices based on mobile version of windows 8 in new york tomorrow. apple redesigning item that is left untouched for years, [ unintelligible ] apple redesigning headphones they will be smaller and more comfortable. apple expected to hold a big press event eight days from now. markets coming back after a long weekend. minor losses across the board. bloomberg index trading a little higher. time for vineyard owners to pop the corks a

, the prejudicial remarks of the judge became notorious in a few months before the execution, frankfurter who at that time was a harvard law school professor published a scathing attack on the constitution's tactics and on the judge's behavior, and his analysis is very influential in getting the world out. >> who were sacco and vanzetti? >> they were all italian immigrants. they were ordinary guys come he was a skilled worker in a factory, and vanzetti had an odd job after immigrating to the united states and he had started working as a fish vendor. they were ordinary immigrants, but in the united states, they became radicalized of the anarchist leader who advocated violence. but it was ordinary, and i think the fact that they were just too ordinary guys caught in a nightmare that it's part of the reason we are still talking about this today. we think they are there for the grace of god. >> finally, susan tejada come something about your book was april 15th, 1920 you put it in context. it was also the opening day of the boston red sox baseball season, first year without babe ruth. why do you

? policymakers gather for a key meeting in frankfurt. we talk with strategist nick colas about what it means for u.s. investors. for more financial news, tune in to "n.b.r." weeknights on this public television station. dired you do differently? >> well, i think that when we were preparing for the transition, we ksh and i think really if you look at it from the outgoing administration's perspective as well, in the early part of that process, the focus was on to some extent the transition with wars in iraq and afghanistan. we quickly got on to the economy. the process of building the work for building the recovery act was monumental and it occurred quite rapidly and i think the one question that i still wrestle with in my mind is, did -- we were in the process of doing a lot of different things and the repeat idaholy with which the recovery act went through and sort of getting away from it i think didn't really help educate the public about what they were likely to experience and what the story line and narrative was. so we kind of -- the administration kind of moved on quickly to other prior

frankfurt. >>> the family of an 18-year-old man killed by oakland police rallied against what they call racial profiling and police brutality. it took place at the east mount mall police station. two friends were stopped and searched by police and that's when blue ford was shot three times after he ran for unknown reasons. >> their job is to protect and serve. that's no service. and we got no protection. and it's a shame. it's a shame. everybody should be outraged. >> oakland police say bluford had a gun found near his body at the scene. the family says that weapon was planted. >>> new this morning the woman charged with murdering nursing student michelle lee goes on trial tomorrow. 28-year-old giselle esteban killed lee last year because she blamed her for ruining her father. lee's body was found new months later in a remote area between pleasanton and simole. an alameda grand jury reviewed the evidence last december and indicted esteban for murder. >>> a mom accused of ditching her daughter in morgan hill during a shoplifting incident has an extradition hearing scheduled tomorrow in n

frankfurt just outside of the evb building. sylv sylvia, there's been so much speculation. do you expect draghi has the majority behind him to move forward with the rumored plan we've been hearing about? >> reporter: i think he will have the majority behind him. i don't necessarily think it will go entirely without opposition. we heard from him last time, the famous, as i say, infamous, unanimous minus one, minus one meaning president yenman. but by the same token majority would be enough. and the key words now are a conditionality and unlimited. mario draghi said, much quoted, we will do everything to safeguard the euro within our mandate. now we hear unlimited bond purchases possible. that's what's been leaked out as a framework, but sterilized. and only on conditionality that there is something like a bailout program or at least a memorandum of understanding for a bailout program. so there seem to be a lot of ifs and buts and little back stops in there. also we don't know which part of the yield club will be included. we are relatively sure the ecb will buy itself but how far does tha

/4 -03 columbus ,, cal is visiting fal frankfurt for ohio state . watch out for bid below ,, but time it runs they you will see 81 yds . me before 21 --14 . that if an awful lot of . of the golden bears fell to 1 -2 on the year . the oakland athletics who think the orioles for . the oakland gave the ball for more of . did giants in arizona are tied at one in a fan fell both oppose the if the whole of one of the way ,, it is the to run shot . if the giants are leading 3 --1 in series leader did the rest the giants won 3 --2 in arizona the giants now leave the west by 7.5 games . bad news for sharks fans ,, the nhl is locking out players for fat they might be close time . this is the third major foreign fleets off work from last year and a half year if the deal that ended this eufaula at midnight . players are locked out with no of limiting bcf the main issue is money . shocker . houses with more than 3 billion revenue b.f. the sides are set apart in harass the did not even meet face-to-face b.f. families will be from and campbell thick carfare and the giants takeoff from detroit lions

that frankfurter might've driven him off. [laughter] i was hoping, as a journalist, that i would find the center of the rehnquist court and the hatred therein. to my great disappointment as a journalist, but somewhat to my satisfaction as a citizen, i learned that rehnquist was actually very popular among his colleagues. he basically created a rule that good fences make good neighbors. he did a policy of leaving everyone alone, rehnquist did not force anyone to vote anyway they didn't want to vote and that was it. another thing that rehnquist did, in the 1980s, the court was deciding about 150 cases per year. by the time that rehnquist died, about 80 cases were being decided here. do the math. eighty cases divided by nine justices divided by four law clerks of peace, no wonder they live so long. it is a pretty cushy job being on the supreme court. [laughter] there are just not that many cases. in the 80s, the caseload had gotten so big that there was actually a proposal for the court to create a new, super supreme court. chief justice burger like this idea and it went to the white house counsel'

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